Show washington snapshots by james preston strategists have now figured out a way to keep the years real bad news away from farmers small businessmen and white collar taxpayers until 1941 the bad news will be a combination of higher taxes and a reduction or of federal handouts both are certain the budget submitted to congress as most readers will recall called for another deficit this deficit ficat would have brought the debt to oaly 41 million less than the 45 billion permitted by law that Is an extremely slim margin when one xe remembers members that the 41 million is if only 1 th of the total 9 bil lion budget congress started off in hi an economy drive now stimulated by pleas picas of various bureau chiefs and appeals from thoughtless constituents economy has been crippled it if not thrown out the window As aa things now stand congress Is either going to have to authorize the government to go further into debt or raise new taxes the catch la Is bilat that it have to act immediately because tha debt now la is on only y forty two and one half billion dollars or two and one half billion dollars under the limit so the strategists have figured it out this way congress will go ahead and preserve what beuma remnants ts an it at can of economy it wont do anything y about taxes or the debt I 1 limit until after it meets mee ts next january ja uary I 1 thus thua wh when en celecion time rolls around next november voters bori wont ibe be es especially P echal 1 y c conscious 0 n s clo Us ai of the financial ol dilemma lemma and congressmen I 1 of all political faiths who stiv leave helped to end the economy drive wont be called to task only one major change may be made la this strategy there Is some borne talk about creat creating lag a special commission to study the whole tax and financial problem after congress ad adjourns jurus thus the voters could be told that they had nothing to worry about because this commission would solve the problem the so solution lutlo still will be higher taxes and a cut in federal handouts regardless of what the commission might door do or af of which can win in the november elections while all this talk and planning proceeds the delt debt continues to rise the first days ot of this fiscal year the federal government spent an average of a day more moie than it took in that amounts to more than a minute I 1 ute of course too this means can that the tax future will remain uncertain for more than another six months tills this is the time of year when a lot of employers ordinarily make plans for expansion but they dont know what their tax burdens wilt will be and they wont know for months they probably dont feel very happy about it because next years tax tak bill will make eight new tax laws enacted in the last nine years there la is some comfort tor for the wealthy and big corporations in the fact however that the strategists in washington agree pir privately avate that most of the new taxes must come out of the so called middle brackets taxes on corporations and we the rich haye have reached what tax experts call the point of ef diminishing returns that means thae the rates are so high that tho rich wont invest money because if they make a profit it Is more than batem up lip by taxes so the white collar group will get it next folks with annual incomes from around 1 up to about |